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The minimum wage in Ghana has been increased.
The minimum wage in Ghana is expected to rise to GH¢14.88 in January 2023.
This was announced by the Minister of Employment and Labour Relations, Ignatius Baffuor Awuah in a statement on Wednesday, November 16, 2022.
According to him, the national tripartite committee concluded the negotiations and “we think this is the best time to communicate to Ghanaians on the outcome of the negotiations.”
He explained that the current economic challenges, cost of living, sustainability of businesses and desirability of attaining higher levels of employment were taken into account by the committee.
“The committee concluded on the need to increase the national daily minimum wage by 10 per cent over the 2022 national daily minimum wage which translates into new national daily minimum wage of GH¢14.88 pesewas and a cost of living allowance of 15 per cent over the 2023 national daily minimum wage.
“The effective date for the implementation of the 2023 national daily minimum wage shall be 1st January 2023.
“All establishments, institutions, organizations whose daily minimum wages are below the new rate should adjust accordingly effective 1st January 2023,” Mr Baffour Awuah stated.
